EOY accounts "going concern"

SussexAccountancy

Hi

I have a client who I am currently submitting EOY accounts for 2012/13 before we close the company down in 2013.14 as her turnover is less than £20k, and she would like to go back to being a sole trader - she works part time hours essentially.

If I am submitting end of year accounts at present, do I need to make a statement regarding going concern - the company could carry on, but I know we are closing it down next year. Or is 'going concern' just to protect against people distorting figures and pleading ignorance.


Thanks!


SA

KernowAccountant

What is your accounting framework? Assuming the FRSSE (Apr-08), take a look at para 2.12 - all will be revealed!